Avery Dennison Corporation (AVY) Financial Statements (2024 and earlier)

Company Profile

Business Address 8080 NORTON PARKWAY
MENTOR, OH 44060
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 267 - Converted Paper And Paperboard Products, Except (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

6/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments215167163252254232
Cash and cash equivalents215167163252254232
Receivables1,4151,3741,4251,2351,2121,217
Inventory, net of allowances, customer advances and progress billings9211,010907717663651
Inventory9211,010907717663651
Disposal group, including discontinued operation      4
Other current assets245231240212212194
Total current assets:2,7962,7822,7352,4162,3412,298
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 30    ✕
Operating lease, right-of-use asset 200    ✕
Property, plant and equipment 1,5401,4781,3441,2111,137
Intangible assets, net (including goodwill)2,8632,7032,7931,3611,0571,086
Goodwill2,0141,8621,8821,136931942
Intangible assets, net (excluding goodwill)849840911225127144
Regulated entity, other noncurrent assets 11     
Deferred income tax assets116115130198225✕
Other noncurrent assets810811836765655451
Deferred tax assets, net✕✕✕✕✕✕205
Other undisclosed noncurrent assets 1,385     
Total noncurrent assets:5,4145,1695,2373,6683,1482,880
TOTAL ASSETS:8,2107,9517,9726,0845,4895,178
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9352,0272,0531,7211,6811,670
Taxes payable✕✕✕75867158
Employee-related liabilities✕✕✕299239220218
Accounts payable1,2771,3391,2991,0511,0661,031
Accrued liabilities658688380345323363
Deferred revenue 1822   ✕
Debt62259931965440195
Accrued environmental loss contingencies 11929105
Other undisclosed current liabilities 113143174131122125
Total current liabilities:2,7002,8002,5481,9262,2541,994
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,6222,5042,7862,0521,4991,772
Finance lease, liability 78122324✕
Other undisclosed long-term debt and lease obligation2,6152,4952,6391,9131,3761,772
Liabilities, other than long-term debt 154116    
Deferred revenue 12   ✕
Operating lease, liability 15211413511699✕
Total noncurrent liabilities:2,7762,6192,9212,1681,4991,772
Total liabilities:5,4755,4195,4694,0943,7533,766
Equity
Equity, attributable to parent2,1282,0321,9241,4851,204955
Common stock124124124124124124
Treasury stock, value(3,134)(3,022)(2,660)(2,501)(2,425)(2,224)
Additional paid in capital855879862862874872
Accumulated other comprehensive loss(408)(364)(283)(350)(348)(682)
Retained earnings4,6924,4153,8813,3492,9792,865
Total equity:2,1282,0321,9241,4851,204955
Other undisclosed liabilities and equity607499578505532457
TOTAL LIABILITIES AND EQUITY:8,2107,9517,9726,0845,4895,178

Income Statement (P&L) ($ in millions)
Annual | Quarterly

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues8,3649,0398,4086,9727,0707,159
Cost of revenue
(Cost of Goods and Services Sold)		(6,087)(6,635)(6,096)(5,048)(5,166)(5,244)
Gross profit:2,2782,4042,3131,9231,9041,916
Operating expenses(1,393)(1,339)(1,249)(1,061)(1,080)(1,128)
Operating income:8841,0661,064863824788
Nonoperating income (expense)29234(2)(445)(105)
Investment income, nonoperating(2)14    
Other nonoperating income (expense)3194(2)(445)(105)
Interest and debt expense(119)(84)(70)(70)(76)(59)
Other undisclosed loss from continuing operations before equity method investments, income taxes(100)(5)(6)(54)(53)(70)
Income from continuing operations before equity method investments, income taxes:695999993737250555
Loss from equity method investments   (4)(4)(3)(2)
Other undisclosed income from continuing operations before income taxes      
Income from continuing operations before income taxes:695999989734247553
Income tax expense (benefit)(192)(242)(249)(178)57(85)
Income from continuing operations:503757740556304467
Income before gain (loss) on sale of properties:✕✕✕740556304467
Net income available to common stockholders, diluted:503757740556304467

Comprehensive Income ($ in millions)
Annual | Quarterly

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:503757740556304467
Other comprehensive income (loss) 7513(31)(14)12
Other undisclosed comprehensive income      
Comprehensive income:510763753525290479
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(51)(87)5429348(13)
Comprehensive income, net of tax, attributable to parent:459676807554638466

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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